Universal Music Group N.v. · EURONEXT:UMG
Universal Music — Investor Day (August 2021)
9 slides from Universal Music's investor day presentation, Aug 25, 2021
Slide 1: Universal Music Group Capital Markets Day
08 25 UNIVERSAL MUSIC GROUP CAPITAL MARKETS DAY
Slide 2: Important Disclaimer
IMPORTANT DISCLAIMER This Presentation is an advertisement for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) relating to the intention of Universal Music Group B.V. (the “Company”) to proceed with its proposed listing on the regulated market of Euronext Amsterdam (the “Admi
Slide 3: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation contains statements that may constitute forward-looking statements relating to the business, financial performance and results of Universal Music Group B.V. (the “Company”) and the industry in which the Company operates. These st
Slide 4: Agenda
AGENDA Sir Lucian Grainge Company Introduction Boyd Muir Market Fundamentals Sir Lucian Grainge UMG Competitive Advantage John Janick & Frank Briegmann Recorded Music (Selected Label & Region) Jody Gerson Universal Music Publishing Group Boyd Muir Financials Sir Lucian Grainge & Michael Nash Innovat
Slide 5: UMG Has Achieved Double-Digit Revenue and EBITDA Growth
UMG HAS ACHIEVED DOUBLE-DIGIT REVENUE AND EBITDA GROWTH Revenue (€ M) EBITDA (€ M) CAGR CAGR 7,432 11% 1,487 23% 7,159 18% 292 3% 21 489 12% 1,267 269 12% 6,023 1,186 25 273 1,052 250 941 979 15 214 5,967 11% 1,360 5,634 1,156 25% 4,828 873 2018 2019 2020 2018 2019 2020 EBITDA Margin 16% 18% 20% Rec
Slide 6: Streaming and Publishing Are Driving a Higher Proportion of Stable, Recurring Revenues
STREAMING AND PUBLISHING ARE DRIVING A HIGHER PROPORTION OF STABLE, RECURRING REVENUES Universal Music Group revenue by source (€M) Merch & other Merch & other Merch & other Other digital Other digital 61.1% Other digital 67.5% Licensing & other Licensing & other Licensing & other Physical 58.7% Phy
Slide 7: UMG Generates Significant Cash Flow While Opportunistically Investing in Future Growth
UMG GENERATES SIGNIFICANT CASH FLOW WHILE OPPORTUNISTICALLY INVESTING IN FUTURE GROWTH Net cash provided by operating activities (€ M) Content investments, net (€ M) 747 1,517 685 309 465 161 173 -3 2018 2019 2020 1H 2021 2018 2019 2020 1H 2021 Source: Company filings. 7
Slide 8: UMG Has a Strong Balance Sheet
UMG HAS A STRONG BALANCE SHEET €901M €2,918M €2,017M Total Liquidity Total Debt Total Net Debt Source: Company filings. All numbers are as of June 30, 2021; Liquidity is made up of $454M in Cash, $301M in Cash equivalents, and $146M of Other current financial assets. 8
Slide 9: 2021 Forecast & Mid-Term Outlook
2021 FORECAST & MID-TERM OUTLOOK EBITDA and revenue (€ M) 2021 Forecast 3,831 3,459 +11% >10% revenue growth (in constant currency and perimeter) >20% EBITDA growth Mid-Term Outlook 649 822 High single-digit revenue CAGR EBITDA Margin 19% 1H 2020 1H 2021 21% EBITDA margin in the mid-twenties EBITDA